The U.S. Treasury Department and China’s Ministry of Finance have launched a pair of economic working groups in an effort to ease tensions and deepen ties between the nations
The U.S. Treasury Department and China’s Ministry of Finance launched a pair of economic working groups on Friday in an effort toand Vice Premier He Lifeng, the working groups will be divided into economic and financial segments.
The working groups will “establish a durable channel of communication between the world’s two largest economies,” Yellen said in a series of tweets detailing the announcement. She said the groups will “serve as important forums to communicate America’s interests and concerns, promote a healthy economic competition between our two countries with a level playing field for American workers and businesses.
China is one of the United States’ biggest trading partners, and economic competition between the two nations has increased in recent years. The two finance ministers have agreed to meet at a “regular cadence,” the Treasury Department said in a news release. Yellen, along with other Biden administration officials, traveled to China this year after the Democratic president directed key senior officials to “maintain communication andwith China’s vice president on Monday on the sidelines of the U.N. General Assembly.Reps. Rick Larsen, D-Wash., and Darin LaHood, R-Ill., set up a working group in 2005 between lawmakers in the two nations.
promised to set up a working group of officials and private sector representatives to “seek solutions on trade and investment issues.”
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United States and China launch economic and financial working groups with aim of easing tensionsThe U.S. Treasury Department and China’s Ministry of Finance have launched a pair of economic working groups in an effort to ease tensions and deepen ties between the nations.
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United States and China launch economic and financial working groups with aim of easing tensionsThe U.S. Treasury Department and China’s Ministry of Finance have launched a pair of economic working groups in an effort to ease tensions and deepen ties between the nations
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United States and China launch economic and financial working groups with aim of easing tensionsThe U.S. Treasury Department and China’s Ministry of Finance have launched a pair of economic working groups in an effort to ease tensions and deepen ties between the nations.
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United States and China launch economic and financial working groups with aim of easing tensionsThe U.S. Treasury Department and China’s Ministry of Finance have launched a pair of economic working groups in an effort to ease tensions and deepen ties between the nations.
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